Entitlement Spending: Our Coming Fiscal Tsunami

Overview

David Koitz clarifies misconceptions and presents the facts on the impending fiscal crisis driven by spending on Medicare, Medicaid, and Social Security. Although these programs are idolized as pillars of the nation's safety net, he shows how they are in fact the largest drivers of our looming fiscal problem. Koitz explains that, if an effective remedy is to emerge, those three programs must contribute heavily to the changes lawmakers consider and offers some policy directions ...
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Overview

David Koitz clarifies misconceptions and presents the facts on the impending fiscal crisis driven by spending on Medicare, Medicaid, and Social Security. Although these programs are idolized as pillars of the nation's safety net, he shows how they are in fact the largest drivers of our looming fiscal problem. Koitz explains that, if an effective remedy is to emerge, those three programs must contribute heavily to the changes lawmakers consider and offers some policy directions for dealing with them.
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Product Details

  • ISBN-13: 9780817915544
  • Publisher: Hoover Institution Press
  • Publication date: 10/15/2012
  • Edition description: 1st Edition
  • Pages: 160
  • Product dimensions: 5.90 (w) x 9.10 (h) x 0.80 (d)

Meet the Author

David Koitz is a consultant involved with a variety of public policy matters. Over a long career as an analyst on Capitol Hill, he worked for numerous members of Congress and various congressional committees.
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Table of Contents

List of Figures and Tables ix

Preface xiii

Acknowledgments xv

Introduction 1

I Our Coming Tsunami 3

II Facing Up to the Elephants in the Room: Medicare and Medicaid 25

III Cutting Through the Social Security Fog 37

IV There Is No Time Left to Punt Again 47

V "The Man Behind the Tree Is You and Me" 75

Appendices 79

Appendix 1 The National Debt 81

Appendix 2 The Federal Budget 85

Appendix 3 The Potential Consequences of Our Current Fiscal Path 87

Appendix 4 Perceptions, Misperceptions, and Myths About the Problem 89

Appendix 5 Why the "Problem" Is a Problem 91

Appendix 6 The Significance of Addressing the Problem Sooner Rather than Later 117

Appendix 7 What Options Are There to Address the Problem? 119

Supplementary Material

Brief Descriptions of Medicare, Medicaid, Social Security, and "All-Other" Spending 125

About the Author 135

Index 137

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